ITR Forms with new features-Java based New ITR Forms utilities has been developed by income tax department by using the latest JAVA technology and effort has been made to make it user friendly, simpler and faster preparation/submission of tax returns.
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Tax Implication on Sale of Residential Property The first concern which will make house in the mind of the seller is what amount of tax will he have to pay on such sale, how he can avoid tax on such sale. Under the The Income Tax Act, 1961 income arising on the Sale of Residential […]
Constitution and Taxation of India By replacing the Government of India Act (1935) The Constitution of India came into force on 26 January 1950. Constitution is the soul of every country. Indian Constitution is the Constitution of the people, by the people, for the people and hence every Indian feels proud to follow it and […]
Salary earners has to inform in the beginning of the year to their employers about all saving, deductions, etc for Tax to be deducted from their salary receivable in the financial year 13-14. Accordingly Tax deduction can be made correctly and paid to the government after considering other incomes and deductions of the employee. At […]
Every person responsible for deduction of tax under Chapter XVII-B shall, in accordance with the provisions of Section 200(3), submit the following Quarterly Statements to the Director General of Income Tax (Systems) or the person authorized by the Director General of Income Tax (Systems), namely-